Gyms & Fitness Centres in the UK - Industry Market Research Report

Gyms market in the United Kingdom to grow 2.4% CAGR between 2014-19

2014-04-21 16:38:03 - Gyms & Fitness Centres in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

The Gym and Fitness Centre industry has run into trouble during the past five years. During the decade prior, the industry went from strength to strength, as rising concern for health and supportive economic conditions underpinned strong growth in revenue and industry establishments. Since 2008- 09, however, consumers have focused on economic concerns, with many choosing to cancel their gym membership and exercise independently at no cost.

Other gym goers have traded down to a new breed of budget gyms, which do not require long-term contracts and charge less by only offering basic services. As a result, established players like Fitness First and LA Fitness have suffered from falling membership and been forced to sell or close gyms. Newer budget operators

like the Gym and Pure Gym, meanwhile, have enjoyed strong growth, attracting investment to finance a strong expansion during the next five years.

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